Alter Energy Group AG
Alter Energy Group joins European-Ukrainian Energy Agency
Alter Energy Group AG / Key word(s): Miscellaneous 'Alter Energy Group joins European-Ukrainian Energy Agency'
Zurich Switzerland – July 7, 2011 Edward J. Klaeger IV, CEO of AEG stated, 'After two years of discussions with the Board and top level management at EUEA, and seeing their presence, and potential impact on the market grow during this time, we determined that becoming a member will help achieve the necessary goal of creating a more robust and globally competitive Ukraine renewable energy market. EUEA is a well established NGO that has achieved great results in bringing together renewable energy and energy efficiency experts, in technology, development and finance, from Europe to the Ukraine energy market. Joining EUEA not only helps increase the competitive profile of renewable energy in Ukraine but also helps increase AEG's profile as a leading project developer as well. We expect to have a close working relationship with EUEA, helping to develop and implement initiatives that will increase transparency and sustainable growth with fair market practices necessary to attract much needed foreign direct investment (FDI) to the sector.' Elena Rybak, Director of EUEA states 'Ukraine's vast and undeveloped renewable energy potential, as well as need for energy security, is high on the agenda of EU-Ukraine political dialogue. Still, the strong presence of international competence in the local market and active participation of foreign investors in the challenging process of market development remain crucial for maximizing this potential. In this regard we welcome AEG's decision to join EUEA in its efforts and contributions to sustainable development of Ukraine. Together with our members, we strive to keep regular dialogue with governmental authorities on needed market mechanisms to boost growth of the renewable energy sector and encourage energy efficiency. AEG is well established with a long track record and successful experience in Ukraine's renewable energy market making it a valuable addition. We look forward to joint initiatives to overcome challenges and further promote Ukraine as an attractive market for renewable energy investments.' About AEG: AEG is a Zurich-based publicly traded Swiss company with emerging market operations in Ukraine. AEG develops, acquires, and invests in alternative and renewable energy projects and companies. The current target market is Ukraine with planned expansion into other emerging markets in the region as well as established markets such as the U.S., Canada and Germany under future consideration. About EUEA: is a non-profit Association founded in 2009 as a platform for joint EU-Ukrainian actions to promote sustainable development and environmentally friendly technology transfer. EUEA aims to address the issues of energy efficiency and development of renewable energy sector at each stage of the energy chain, (generation and consumption, including transport) by providing up-to-date information, promoting adoption of EU legislation and standards in Ukraine as well as initiating and supporting projects.
Contact Forward-Looking Statements Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the Company's current and future capital needs, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, and other risks. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release. End of Corporate News 07.07.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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